Hello- I am considering purchasing a property that is a main home (3 bed 3 bath) with an attached apartment over the garage (1 bed, 1 bath) with separate entrance.

Purchase price: $850,000 Cash invested: $335,000 Historic downtown Fargo property.

I would also like to know the purchase price and current market value.

I don't think I can ask the seller to evict prior to purchase, although that would be the best scenario.

I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections.

The BRRRR strategy is a systematic approach to real estate investing that revolves around five key steps:Buy: Purchase a property, often below market value, that has potential for appreciation and improvement.Rehab: Renovate the property to increase its value, make it livable, and improve its rental potential.Rent: Find reliable tenants who will pay rent, allowing you to generate consistent cash flow.Refinance: After the property is rehabbed and rented, refinance it to pull out the equity you’ve built through the renovation.Repeat: Use the cash obtained from refinancing to fund your next investment property, starting the cycle again.Step-by-Step Breakdown of the BRRRR MethodLet’s take a closer look at each stage of the BRRRR strategy to see how it works in practice.1.

My wife and I purchased our first home, a multi family, to house hack in late 2024.

HelloWe recently purchased a property through 1031 Exchange and the title is with our Revocable Trust (Trustee my wife and I).

It is also not an option to not renovate as she came with the house when I purchased it and absolutely trashed the place. 

If you find you are unable to raise the money for an all-cash purchase, switching gears to Fannie will only work if you have a LONG time to close in your PSA or have many extension options (which usually require more hard earnest money.)